Separable utility function
One of my friends can't find the answer of this question. Give answer of following economic based question. Tell me about strongly separable utility function?
A firm along with market power faces a downward sloping demand curve since: (w) selling more of the good needs a price cut. (x) marginal revenue should equal average revenue. (y) only pure monopolies face horizontal demand curves. (z)
Most monopolists whom do not price discriminate and that operate effectively in the long run are capable to charge a price: (w) greater than minimum average total costs [ATC]. (x) less than MR. (y) less than marginal costs [MC]. (z) less than which of
Labor productivity tends to rise while: (1) the K/L ratio increases. (2) the K/L ratio decreases. (3) workers forego education. (4) capital becomes more expensive. (5) wage levels fall. Please choose the right answ
For identical level of guaranteed transfer payments, the earn income and incentive to work is probable to be: (w) greater with a negative income tax than with transfers in kind. (x) greater with transfers in kind than
A rising market demand for generic puffy cheese chips produces economic profits and makes a new firm to build a vast modern factory to bake puffy cheese chips. It is an illustration of: (i) monopoly power. (ii) adjustments in the mark
Declines within the international price of oil would be probably to cause the: (w) wages of bicycle factory workers to raise. (x) demand for automobiles to decrease. (y) incomes of geologists and petroleum engineers to fall. (z) price of home insulati
I have a problem in economics on Production utilizing knowledge or technology. Please help me in the following question. Production necessitates utilizing knowledge or technology to apply energy to rise the: (i) Amount of resources accessible. (ii) In
Describe the likely behaviour of total product beneath the phase of increasing return to a factor.
Elucidate the consequence of an increase in demand of a commodity on its equilibrium quantity and price? Answer: Increase in demand causes a rightward shift in the
The technology is such that LAC is minimized at firm’s output equivalent to 10 and minimum LAC is Rs. 15. Assume that the demand schedule for the product is given as shown: Discover Q & A Leading Solution Library Avail More Than 1421759 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1958085 Asked 3,689 Active Tutors 1421759 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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